ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $16.75, but opened at $17.86. ProShares Ultra Bloomberg Natural Gas shares last traded at $18.4170, with a volume of 6,385,176 shares.
ProShares Ultra Bloomberg Natural Gas Price Performance
The stock’s fifty day simple moving average is $19.67 and its 200-day simple moving average is $27.17.
Institutional Investors Weigh In On ProShares Ultra Bloomberg Natural Gas
An institutional investor recently raised its position in ProShares Ultra Bloomberg Natural Gas stock. Group One Trading LLC grew its position in ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL – Free Report) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,680 shares of the exchange traded fund’s stock after buying an additional 6,092 shares during the quarter. Group One Trading LLC owned 0.12% of ProShares Ultra Bloomberg Natural Gas worth $720,000 at the end of the most recent quarter.
ProShares Ultra Bloomberg Natural Gas Company Profile
The ProShares Ultra Bloomberg Natural Gas (BOIL) is an exchange-traded fund that is based on the Bloomberg Natural Gas Subindex index. The fund provides 2x the daily return of an index that measures the price performance of natural gas as reflected through publicly traded natural gas futures contracts. BOIL was launched on Oct 4, 2011 and is managed by ProShares.
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